My clients who invest in Section 8 housing do so in 'not quite' transitioned communities but that have low crime rates.

Insurance right now is wild, so I'd get a solid broker on your team - I'd be happy to share my contact if that would help.Also, aren't most of the existing insurances shared on the OMs for the properties? 

Your cousin should contact the lender to discuss his options.If he rents it out, he must report rental income and expenses (e.g., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity.

This decision will also be impacted by your interest rate.

I contacted a property management company and they expect it would rent between $2,000 - $2,100.

Any advice, tips, or scripts for making the initial contact and navigating this process would be greatly appreciated!

Cash out refi gives you a new fixed rate loan for 30 year term.Best,Jamael RomansUnited Mortgage Corp Thank you so much for your advice!

Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.

Since she was a first time homebuyer we were able to save her 1% off her interest rate!